The much loved online transaction service Paypal has found a way to incorporate their services into both the Android and iPhone marketplaces. This will allow application purchases through Paypal accounts on both the Google marketplace, and the iPhone application store. The interesting part: Apple has already agreed to support the update.

I personally love that Paypal is pushing to get their service onto every platform. And it especially lifts privacy concerns. Allowing Paypal to make all of my purchases for me keeps fraudulent sites from stealing my money, and keeps things simple by attaching one credit card to my account instead of having to keep track of what I spent where.

Paypal plans to launch their In App payment service sometime in Q2 to the US, Canada, UK, France, Italy, The Netherlands and Australia.